Topic: Dutch gambling authority fines 10 companies a total of €3.5m this year (Read 542 times)

Quite true. I would consider gambling as a form of entertainment. Don't we spend for watching a movie in theater? The money is spend by us to have a relaxation and in terms of gambling, we might receive profits if we play the game with good strategies and at the same time luck favoring us. Most of the gamblers consider gambling as a kind of pill/drug addiction where they would be spending the money even though they realize the losses they are suffering. If they tend to win a game, they would never get back rather would again reinvest the money.

What I would suggest is that, casinos might help the gamblers get out of their gambling addiction as like that of the Holland Casino. I would never say should be a concrete implementation but doing so might save families and few gamblers lives.

Very true. Every few seconds a child dies of hunger in third world countries but the money is being lost without being of much help to neither of them. 

Almost everything where the money takes place is important, especially when there are the government and people who are earning something from it would be a big deal.

Players should be responsible for how much they are going to risk, and they should know the possible consequences surrounding gambling. It's not the casino's fault, that's my opinion, though.

I do think that it should be the same as other casinos with that kind of prevention, but as I said in the previous one, it's always going to be the player's fault. Probably his emotions gone amock towards the game and didn't think things through and now is looking for someone to blame. It's sad to see that there are people who throw money like that away when it could be given to those who are in dire need.

These online casinos must not have any license, and with the prevalence of various platforms running in digital fiat and cryptocurrencies, made the numbers higher.

Though it seems good for the government to think about its people first before the profit that they could get on letting these casinos run. The quite large 29% tax would also regulate the number of operators that would be interested opening their business in the country.

I guess the Netherlands should consider this as a way of getting more taxes since the gambling industry is getting bigger. They should legalize gambling and start making appropriate laws and taxes since taxes on gambling will provide a huge amount basing on just the increase of numbers of casinos that they have fined over just a year.

This scenario is quite common for almost all the places where money plays a major role. Casinos plays a major role in influencing a gambler's life and they would indeed work with the government officials in the case of adverse problems faced by the gamblers. Casinos are programmed in such a way that they are fair, but the gaining and losing of money depends upon the gambler's interest on gambling. If they are willing to gamble as a form of entertainment, it is good to go and they would be quitting the game when they lose their control in losses and vice versa. If they have received major profits, they would continue their game of chances.

If you have read the news completely you would have known about the case in detail. I stand by the side of both the casino as well as the gambler. Here the gambler has already lost millions of dollars but still the casino didn't prevent him from gambling. As a result of allowing him to play, he has lost the money again. Many of the gamblers are addicted towards their goal of using their money to gamble and if the losses are increased, the casino should prevent the gamblers from further losing the game which isn't the case with Holand Casino. They do tend to minimize the gambling addiction, but I am not sure why they didn't go with the same practice in the above news. 

Well, it's like people who have been found guilty of illegal stuff and they could pay a fine and they will be out of it. When there's money, they could already utilize that and just continue on operating. I do think they have a lot of income to compensate for the fines that they have faced.

That's not bad, they value the person more than what they could give to the casino. I did a search about Holland Casino and found that they do their part in minimizing gambling addiction but people are practically abusing it by suing the casino. It's quite an old case but maybe some would be intrigued. The link is below.

https://www.dutchnews.nl/news/2014/08/gambling_addict_sues_holland_c/

I don't know much about the existing laws in Netherlands. Is it legal in Netherlands to operate online casinos? If not, then I don't see anything wrong about penalizing them for doing something illegal. Operating without a license is also an offense in most countries and the casino operators do get into legal trouble if they get caught.
They probably are increasing those fines in order to prevent anyone from committing those crimes. At least their government is trying to make online gambling legal. So the operators should wait for it to happen. But yeah, the tax is absurd.

Recently after reading a news today in a news portal, I got to know about this. Probably not a necrobump, but I would like this topic to have a good going discussion with various members discussing their thoughts about this.

---

They should be having a profit which might be higher than the fine charges actually. Most of the gamblers tend to lose a large sum of money and the casino site might have adequate money to run the site as well as pay for the charges actually.

Another interesting fact is that Holland Casino might play a game in the form of authoritative power. Holland casino being the official casino of Netherlands stands against the gambling addiction and there are facts that they don't allow the gamblers to lose higher than a certain extent. Either the casinos should have looted the gamblers additionally apart from the licensing practices.

Eventhough cryptocurrencies are not really traceable and can be used without being detected, casinos should probably get a license. Casinos with license will always tend to attract reputation and players in a large scale. At the start of 2018, I was a part of ICO where the company would be using their own coin for the gambling platform and in order to gain the reputation the company bought the license in a particular country as soon as the ICO was over.

Gambling is not totally illegal per se in Netherlands but there are some who practices and operates in the wrong way, hence having a legal battle against the governments themselves.

Though the gambling industry naturally rakes in money and on a generous and good sum, not all governments are open to it especially if they really are into the welfare of their citizens and not just for profits to help them get the bills going. The Netherlands is a fine example for that. Anyway, for as long as each establishment--be it a gambling houae or not--follows andnobeys the law as what's intended, there should be no problems nor conplications whatsoever. The Holland authorities only do their job after all.

Taxation for any business is just a casual norm not an obligation for a certain country to impose but not totally to that kind of interest.

Same as mentioned or talked above that it is way too much for imposing business taxation.Yes, its benefit will really be applied out on the country itself.

Choosing or deciding on building one will be up to you.

it also shows that gambling is a money-making machine. this business alone is giving the government a huge chunk of money. and since they are giving legalisation on these gambling businesses then it is a win-win situation for both sides.
 and more on this aspect, it shows that players are willing to spend money on gambling. the reason why there are more and more casinos sprouting. theres really money in this business.

There's bad news and good news here, the bad news is they fined these gambling sites, and they are forced to pay 29% taxes, the highest in Europe, the good news is they are giving these gambling sites license to operate makes them a legit company to operate now in the Netherlands.

Interesting.
"Holland casino" (a single casino company?) is the only state-regulted(state  approved?) casino in the whole country? This probably means only one casino owns the whole legitimate casino in the country, right? The license must be very tough to obtain or something .

https://casinodepositbonus.com/casino-industry-news/dutch-gambling-authority-fined-betting-casino-companies-e3-5m-this-year/

Holland Casino is the Netherlands’ only state-regulated gambling establishment. In the 2019 period, 10 companies were fined for offering online gambling services to Netherlands residents. One company was a repeat offender.

they need to have the license to offer to the netherlands people...


They know that gambling business are profitable in general that's why they charge a huge tax on it.



This is to ensure that gambling operators will get their license and comply with the law accordingly.

I have no idea about laws and regulations of Netherlands in gambling but what I can say based on this thread, putting up a casino business isn't profitable in that country. I mean, that's a huge tax percentage for the business. And that they're being fined huge amount as well. It's like a monopoly by the government since there's only one legal casino in Netherlands. I wonder why they're being that strict with gambling

What are they being fined for? For operating illegally? 
I wonder why the high tax though. I guess the government doesn't like gambling very much or want to make it a little bit expensive to discourage people from gambling. Guess increase in taxes could make the gambling sites/centers to hike their prices, and people would probably look for cheap online ones that exist outside of the country.
It probably would be better to increase taxes for the  "bad" gamblings and reduce for the good ones.

We can't say "of course" if we're not involved on this matter. Only the officials that can give that verification if they will change the allotted time but if there's no sign of it, the operators are free to decide what shall be their next move.

It's a make or break for both sides but I think the government of Netherlands will lose a big part of taxation if they will be too strict regarding the approval of these casinos.

Exactly my thoughts. Seems like they really don't want their citizens gambling in general, though they're allowing casinos to operate though at the cost of very high fees so it seems like the state isn't as controlling over gambling on the surface. Yet another good reason why crypto casinos and crypto as a whole is so great, because even though many sites do block locations like the Netherlands for the sake of regulations, it's not very hard to get around them if you really do want to gamble.

Business in dutch? Its the people who lived there and not a particular country when we do talk about dutch then to those people who do lived in Netherlands.

When talking about that taxation of 29%.Yes it isnt unrealistic but they wont have any choice but to deal with it if they do really force out to have that gambling business to that place.
Its too much and for sure this would lessen up those numbers.

This isn't related to crypto gambling, am I right?

Gambling really if the operators will get a permit, they need to pay a high amount since this kind of business are killing the money of the people, hence this is one of the most profitable industry.

I am not sure how the crypto gambling sites are being treated, AFAIK, there are gambling sites that are not license and there are sites that are license.

So the trend in the future would still be fiat or people going to crypto gambling?